J&T BANKA, one of the leading private banks in the Czech market, concluded the first quarter of the year with net profit of CZK 214 million. Operating profit for the given period reached CZK 337.7 million.
Bratislava (29 April 2013) – Slovak Antimonopoly Office Approves Purchase of Poštová Banka by J&T Group As the transaction has now been approved by all appropriate regulatory authorities, it will be executed in the coming days.
The owners of J&T FINANCE GROUP, a.s. and ISTROKAPITAL SE have agreed to link the capital of both companies. They are getting ready to enter new financial markets. Through capital increase, ISTROKAPITAL SE will acquire 24% of J&T FINANCE GROUP’s share capital.
The best year in the history of J&T BANKA was 2012. Operating profit reached CZK 1.67 billion, growing 1.5 times year-on-year.
J&T BANKA, one of the most important private banks on the Czech market, experienced another very successful year. The bank´s net pofit in 2012 grew more than 2.5 times year on year to CZK 1.015 billion crowns.
Profireal Group is entering the consumer credit market in the Russian Federation through its credit division PROFI CREDIT. PROFI CREDIT, in a joint venture with J&T Group, is establishing its first branch in Saint Petersburg.
The Regional Court in Ústí nad Labem delivered an interim injunction today, ordering Czech Coal to supply brown coal to Elektrárny Opatovice (EOP) to the full extent under the contract in place throughout 2013. “The court’s decision is good news primarily for all our customers, as it means that reliable and secure heat supply has been ensured for them for next year,” said Jan Špringl, Chief Executive Officer and Member of the Board of Directors of EP ENERGY.
J&T Banka continued to maintain its dynamic growth during the third quarter. According to the preliminary consolidated results, as of 30 September 2012 the balance sheet total had increased by 38% year-on-year to reach a level of CZK 87 billion and operating profit tripled to over CZK 1.5 billion.
EP Energy signed bank financing for EUR one billion – the biggest credit facility in history to be provided to a Czech company
EP Energy, a.s. (“EPE” or the “Company”) successfully signed a 6-year credit agreement for a total of EUR one billion with a bank consortium (the “Agreement”). The credit facility comprises three tranches: two long-term credit lines – the first amounting to up to EUR 502 million and the second amounting to approx. CZK 10.5 billion – and operating credit of EUR 75 million or its CZK equivalent (the “Credit Facility”).
Today, J&T Banka inaugurated and unveiled the renovated famous Elektra Café. Starting tomorrow, Ostrava residents can visit the new café in the J&T Banka Café chain, which was created on the premises of the defunct First Czechoslovak Republic café.
J&T Banka continues to grow successfully. According to its preliminary consolidated results as of June 30, 2012, the bank achieved a 53% growth of Total Assets to CZK 83 billion, with its profit more than doubling to CZK 581 million.
The EP ENERGY Group has acquired an equity stake of 41.9% in the German lignite fired power plant Schkopau with an installed capacity of 900 MWe, specifically through its acquisition of a 100% interest in Saale Energie GmbH (SEG) from US-based NRG Energy, Inc., for approximately EUR 141 million. The Schkopau power plant is situated near the city of Halle in Saxony-Anhalt, one of the German states. E.ON Kraftwerke GmbH holds the majority interest in the Schkopau power plant.
In the first quarter of 2012, J&T Banka’s Net Profit more than doubled year on year, reaching CZK 466 million. The rapid growth can to a great extent be attributed to trading earnings, which exceeded CZK 400 million in the period under review.
J&T Banka enjoyed a 11% growth of its 2011 Operating Profit, which reached CZK 660.3 million. Its Net Profit for last year increased by CZK 5 million to CZK 269 million. The Operating Profit grew in particular due to higher Fee and Commission Income, which nearly doubled year on year, reaching CZK 271.9 million. The bank enjoyed higher revenue primarily from fees for trading with securities and from its clients’ IPO programs.
Through today’s issue of Czech koruna bonds (CZK bonds), real estate company Czech Property Investments a.s. (CPI) is bringing to fruition the changes to its CZK 4 billion financing structure. Today, through J&T BANKA, it is placing on the market a CZK two billion issue with a seven-year maturity, which follows last week’s seven-year and thirty-year bond issues worth 70 and 10 million Euros, respectively.
The Bratislava Stock Exchange decided on 9 March 2012 to accept the bonds issued by the J&T Global Finance II, B.V. on the free regulated market. The public three-year issue of obligations was fully subscribed in the volume of EUR 100 million carrying an interest of 6.4% p.a. The manager, administrator, and quoting agent of the corporate bonds of the J&T Finance Group II is J&T BANKA.
EP INDUSTRIES, an industrial group, has finalised its ownership structure. With an equity interest of 60%, Daniel Křetínský becomes the majority shareholder, while 40% of the shares will be jointly held by J&T private equity structures and funds. The finalisation of the relevant transaction is still subject to approval by competition authorities.
J&T Banka is launching another investment opportunity in the form of J&T Finance Group’s euro bonds. The public bond issue offered in a total value of EUR 100 million will have a coupon rate of 6.4 % p.a. The 3Y bonds will be traded at the Bratislava Stock Exchange with a bond face value of EUR 100,000, and investors may begin to order the bonds as of today.
Late in 2011, the order of the registering court became final on the merger of J&T ASSET MANAGEMENT, INVESTIČNÍ SPOLEČNOST, a.s., and the former investment company of Atlantik Asset Management. Following the merger of both companies, J&T ASSET MANAGEMENT has been renamed to J&T INVESTIČNÍ SPOLEČNOST, a.s., which is a member of the J&T financial group.
J&T INVESTIČNÍ SPOLEČNOST, a.s. newly offers mixed, bond-oriented mutual funds: J&T BOND CZK and J&T BOND EUR. The funds’ portfolios include primarily debt securities including bonds allowing early redemption, convertible bonds, and money-market instruments. In addition, the funds may also hold equities and use other investment opportunities.
J&T Banka has launched the subscription of its historically first issue of the bonds of J&T Finance Group (hereinafter the J&T Group). The public bond issue in the total offered value of CZK 3 billion bears the coupon rate of 6.4% p.a. From Wednesday, November 30, the bonds are listed at the Prague Stock Exchange.
J&T Banka, one of the major private banks in the Czech market, generated a Net Profit (acc. to IAS/IFRS) of CZK 343 million during the first 9 months of this year. Compared to the same period of last year, this is 14% more. The bank’s Operating Profit reached CZK 513 million, down by 7.5% year on year.
J&T Banka has successfully placed a public issue of the corporate bonds of ABS JETS. They are 5Y bonds with a coupon rate of 6.5 % p.a., placed in the total volume of CZK 450 million. The entire issue was subscribed on Friday, September 30, and since Monday, October 3, the bonds can be traded at the Prague Stock Exchange.
In 2010, the J&T Group1) generated a Net Profit of EUR 85.4 million. It Equity Capital2) as of the year end was up by nearly 10% at EUR 728.8 million, with the consolidated assets reaching a value of EUR 3.8 billion. These figures are shown in the audited consolidated results (IFRS) of the group. In 2010, the J&T group paid out a planned dividend of EUR 63.4 million.
Tomáš Martinec to Found Metatron Capital, New Qualified Investors’ Funds, and to Leave the Board of Directors of J&T Finance Group
The Czech and Slovak markets will soon welcome a new boutique asset management firm – Metatron Capital. Established by Tomáš Martinec, the project will present its own funds designed for qualified investors. After founding his new company, the long-term manager of the J&T Group resigned as member of the Board of Directors of J&T Finance Group.
J&T BANKA is proud to present the results of its exclusive survey among Czech dollar millionaires. With its scope and focus, it is an absolutely unique study that brings information about the investment behavior, charitable activities and lifestyle of affluent people.
With effect from July 1, 2011, J&T BANKA will reduce interest rates on its Clear Deal term deposits. The change will not affect already existing Clear Deal deposits and neither the related interest rates.
J&T Banka, one of the major players in the Czech private banking market, continued its successful growth in the 1st quarter of 2011 as well. Its Operating Profit rose by 7% year on year, exceeding CZK 200 million.
J&T BANKA extends its range of benefits offered with the Clear Deal term deposits. The main purpose is to enable clients to choose a valuable benefit that make the popular product even more attractive.
With effect from April 4, 2011, Andrej Zaťko became a new member of the Board of Directors of J&T BANKA, a.s. He joined the existing members of the Board: Patrik Tkáč, Igor Kováč, Josef Spišiak and Štěpán Ašer.
The Net Profit of the J&T Group1) reach EUR 73.4 million for the first three quarters of 2010. Its Equity Capital as of September 30, 2010 reached EUR 752 million and its consolidated assets exceeded EUR 4.9 billion.
On June 21, 2010, a transaction was closed by means of which J&T FINANCE, a.s. acquired 100% stakes in ATLANTIK Asset Management investiční společnost, a.s. and ATLANTIK finanční trhy, a.s. The buyer’s advisor for the transaction was the law firm of Allen & Overy.
J&T BANKA’s Net Profit as of September 30, 2009 reached CZK 411.7 million, 16% more year on year. Apart from released provisions, the profit growth can also be attributed to higher income from fees and interest and lower administrative costs.
Today, ENERGETICKÝ A PRŮMYSLOVÝ HOLDING finalised its shareholder structure and started activities. Both the PPF Group and Daniel Křetínský have successfully entered into the holding, which consists of energy and industrial stocks earmarked from the J&T Group.
J&T significantly strengthens its position in energy sector with acquisition of International Power Opatovice
J&T group confirms that it has signed an agreement with International Power to acquire all the assets of International Power in the Czech Republic. Henceforth, J&T acquires one hundred per cent stake in International Power Opatovice (IPO), as well as its equity interest in Pražská teplárenská (PT) and Energotrans (ET).
As of the end of 2008, J&T BANKA, a. s., generated a record high Profit Before Tax of CZK 304 million (up by CZK 14 million, year-on-year). The bank's Total Assets increased by 16% over the same period, reaching CZK 38.6 billion.
A consortium of Severočeské doly Chomutov (a brown coal mining company), member of the CEZ Group, and J&T Group won the tender for 100 % share in German coal mining company MIBRAG. The total value of the transaction reached EUR 404 mil.
Over the next six years, the SOR Libchavy bus manufacturer will supply the Prague Transport Authority (DPHMP) with a total of 620 buses for municipal transport. All of the buses meet the strictest of environmental criteria and are characterised by low fuel consumption.
The J&T and PPF groups hereby announce that they have signed an agreement establishing a joint venture company in the energy and industry sectors. The energy and industrial holding company will be formed through a combination of an investment and the sale of energy and industrial equity stakes from the J&T group.
The J&T Group is planning to construct a total of 25 wind power plants with a total installed output capacity of up to 75 MW in the Krušné Mountains next to the municipality of Moldava. Investment in this project will total approximately CZK 2.5 billion. The wind farm in Moldava could produce an average of 225 GWh of electric energy annually. The production of electricity is anticipated to start in 2011.
Representatives of the Government of the Republic of Moldova and J&T’s representative Daniel Křetínský signed a contract today in Kishinev, defining the terms and conditions of constructing a new state-of-the-art power plant in Republic of Moldova. If the project is implemented, J&T will build and operate near moldavian Ungheni a new hard-coal power source with an installed capacity of 350 MWe with potential expansion by two more unit of the similar capacity. J&T’s total investment may reach EUR 615 million with local content at least EUR 200 million.
Plzeňská energetika has announced a tender for the delivery and installation of a new 100 MW turbine. The contract price should be between CZK 600 and 800 million. The turbine set, with 100 MW of installed capacity will replace the existing equipment.
Acting through Honor Invest, J&T has increased its share in the Pražská Energetika (PRE) power company to approximately 41%. Another key PRE shareholder – Pražská Energetika Holding (PREH) – also strengthened its position to approximately 58%.
BRATISLAVA – J&T BANKA, a.s. pobočka zahraničnej banky Bratislava, v prvom polroku tohto roka pokračovala v prudkom raste z minulých rokov. Za prvých 6 mesiacov dosiahla čistý zisk 115,76 mil. Sk, čo je oproti rovnakému obdobiu minulého roka viac než dvojnásobok. Bilančná suma vzrástla od konca roka 2007 o 3,13 miliardy korún a dosiahla 16,73 mld. Sk. Keďže bilančná suma J&T BANKY Bratislava tvorí približne 40% celkovej bilančnej sumy J&T BANKY, pozitívne hospodárenie pobočky sa odzrkadlilo aj na hospodárení celku. Bilančná suma J&T BANKY Praha medziročne vzrástla o 50% na 51,3 mld. Sk a čistý zisk sa dokonca zdvojnásobil na 351 mil. Sk. Výrazne vzrástol aj objem voľnej likvidity, keď sa jej prebytok zvýšil z 8,1 mld. Sk na konci roku 2007 na 13,13 mld. Sk k 30. 6. 2008.
The position of J&T regarding PPF Group’s public bid for buying out the shares of the pharmaceutical firm Zentiva
„At this moment J&T does not have reason to accept PPF’s offer. We are closely following and analyzing the entire situation concerning the shares of Zentiva and will rigourously weigh our next moves.“
Companies affiliated with the J&T Group acquired a 75% share of Baltchug, s.r.o. which owned the hotel complex, in Kempinski Hotels. Kempinski kept 25% for itself. The contract was signed in October last year and the agreement was made in April.
Doubletree by Hilton will be the new name of the former Slovan Hotel when its renovation will be completed in December this year. Total renovation costs will amount to approximately 800 million Crowns.
J&T BANKA, a.s., branch of the foreign bank, assumed activities of J&T SECURITIES, a.s., o.c.p. securities dealer. Since February, it is a member of the Bratislava stock exchange (Burza cenných papierov v Bratislave a.s.) and of the Central Securities Depository (Centrálny depozitár, a.s.)
A family relation of Martin Fedor, J&T partner, with Dušan Muňko, state secretary of the Ministry of Environment, has never brought any advantage for J&T. On the contrary, the government in which Dušan Muňko is a member, suspended privatisations for almost 30 billion Crowns, where J&T won tenders.
Assets of J&T amounted to 88.88 billion Crowns as of 31 December 2006. Compared to the previous year, there is a 16% increase. The Group earned a profit of SKK 2.95 billion in the previous year. This can be seen from the consolidated financial statements prepared in accordance with International Financial Reporting Standards, audited by KPMG without any objections.
J&T BANKA, a.s., Bratislava branch of the foreign bank, recorded success in the very first year of its existence. It earned SKK 5.18 million as of 31 December 2006 - not even a year since its establishment, and its balance amounted to SKK 7.178 billion.
The Central Bank of the Russian Federation granted permission for J&T FINANCE GROUP to acquire 100% shares in of one of the Moscow banks. Russia is now the fifth country where the J&T Group pursues its banking activities.
J&T REAL ESTATE will be a developer for the National Football Stadium in Bratislava. This arises from a consent of three Bratislava football clubs, the Football Union and the Capital City of Bratislava. Rental of lands for the stadium was approved yesterday by the Bratislava City Council.
J&T BANKA, a.s., Bratislava branch of the foreign bank, continued its dramatic growth in the last year with its balance increased by more than 89% from 7.178 at the end of 2006 to SKK 13.602 billion at the end of 2007. Profit after taxation grew in year-to-year terms from SKK 5.18 million to SKK 157.96 million .
A real estate fund administered by AXA Real Estate Investment Managers has become a financial partner for five real estate projects of J&T GLOBAL. With the contract value of almost EUR 250 million, this is the biggest transaction in the history of the J&T Group, the second biggest real estate deal in Slovakia ever and the sale of the biggest industrial park portfolio in Central Europe.
J&T REAL ESTATE, being a leader of development in the High Tatra Mountains, has been a general partner of the HN Club for the situation in the High Tatras three years after the disaster. Igor Rattaj, partner of the J&T Group, spoke in the HN Club. The conference gave the floor to state secretaries of the Ministry of Environment and Ministry of Economy and the Mayor of Vysoké Tatry town.
Ricardo Bofill, famed architect, is the author of PANORAMA CITY project. Peter Korbačka, chairman of board of directors in J&T REAL ESTATE, a.s. announced this on the occasion of revealing the cornerstone in the project.